RE:RE:Why not a share offering?No one wants dilution when you're so undervalued. Its not that they cant get refinanced, it is whether they will the get the terms they want. One way or another it will get done.
At current Oil prices the tide is on their side. Worse case they end up with less debt but at a higher interest rate than current.
The debt will be paid down over time to much lower levels. Once that is complete they will look to issue dividends and/or buybacks.
Going into next year, I prey they reduce their hedging.